To determine how much you must save each year to have enough for your daughter's college education, you would use the present value of $1 tables

Nigel Williams is the CEO of a toy manufacturing company. He constantly reviews his business model to look for ways to improve operations

He recently learned that it would be less expensive for him to produce toys if he simply purchased each part from a different distributor, instead of making them at his factory, and had the parts shipped to his factory, where they would then be assembled. He also thinks that collaborating with independent firms will allow him more time for research and marketing, instead of production, to keep abreast of current trends. What type of organization is Williams considering? A) horizontal organization B) vertical organization C) inverted organization D) network organization E) matrix organization

For the year ended December 31, 2015, the following information is available for the Kansas Company:

Sales $891,000 Cost of goods sold 662,000 Depreciation expense 16,000 Amortization expense 3,000 Wage expense 91,000 Rent expense 4,000 Loss on sale of fixed assets 2,000 Interest expense 13,000 Income tax expense 38,000 Total expenses 829,000 Net income $62,000 December 31, 2014 December 31, 2015 Cash $10,000 $12,800 Accounts receivable $10,000 $19,200 Inventory $20,000 $14,100 Prepaid rent $2,000 $1,700 Accounts payable $22,000 $24,400 Wages payable $12,000 $11,300 Taxes payable $2,000 $3,100 Required: Prepare the operating activities section of the statement of cash flows for the year ending December 31, 2015. Use the indirect method.